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I was watching from inside my shiny tower in London’s financial district the day that Lehman Bros. collapsed. Bankers were walking out the revolving doors clutching files and family photos, economic refugees in well-cut suits. The party was over. Of course, it had to end some time — we all knew that deep down. And though some people said that it was a free bar — get your order in before it ends! — we could have guessed a big bill was coming our way. More than five years later, we’re still living with the hangover. Yet for many, these have been years of unprecedented opportunity. The boom time left us with too much of everything, from cars to second homes to...

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I was watching from inside my shiny tower in London’s financial district the day that Lehman Bros. collapsed. Bankers were walking out the revolving doors clutching files and family photos, economic refugees in well-cut suits. The party was over. Of...

Speculation continues that ownership of Formula One might be on the verge of changing hands.
Canadian fashion tycoon Lawrence Stroll has been in talks about buying part of the international racing series, Britain's Sky News reported last week, and he's...

WASHINGTON — Regulators are acting to require U.S. banks to build a sturdier financial base to lessen the risk that they could collapse and cause a global meltdown.
The eight biggest banks will have to meet stricter measures for holding capital — money...

Arizona home builder Taylor Morrison Home Corp. has agreed to purchase a swath of coastal Orange County land, kick starting a long-stalled development that fell victim to the recession.
The builder, in a deal announced late Tuesday, said it would buy...

Arizona home builder Taylor Morrison Home Corp. has agreed to buy a swath of coastal Orange County land, kick-starting a long-stalled development that fell victim to the recession.
The builder, in a deal announced late Tuesday, said it would buy nearly...

Bill Maher holds court on HBO with "Real Time" on the West Coast and Jon Stewart has his Comedy Central kingdom in New York, so it's rare to see these two together. But Maher was in New York this week to, among other things, attend a meeting...

Add another potential casualty of Washington's gridlock: the holiday shopping season.
The congressional stalemate that brought about a partial government shutdown has rattled Americans already spooked by years of economic weakness. And the uncertainty...

NEW YORK -- JPMorgan Chase & Co.'s historic $13-billion settlement with the federal government will pay down a major chunk of the bank's ballooning legal tab.
The Justice Department on Tuesday announced the widely expected settlement of faulty...

Nearly 40% of the nation’s best-paid CEOs over the past two decades were either fired, forced to take government bailouts or in charge of companies that paid huge amounts in fraud-related claims.
That’s the conclusion of a report Wednesday that...

Peter Taylor, the UC system’s chief financial officer and executive vice president, said Tuesday that he is leaving the university to run a Los Angeles-based education foundation that will focus on helping low- income students succeed in K-12 schools...

Matt Taibbi begins his sixth book, "The Divide: American Injustice in the Age of the Wealth Gap," with a simple formulation: "Poverty goes up; Crime goes down; Prison population doubles." It's a snapshot, a way to represent what Taibbi...

"Too Big to Fail," which premieres Monday on HBO, is the latest of that network's high-toned original films ("Recount," "The Late Shift," "From the Earth to the Moon," the upcoming "Game Change") in...

Reporting from San Francisco -- Warren Hellman, a San Francisco financier, philanthropist and bluegrass enthusiast who lavished his city with a free concert that grew into one of the nation's largest music festivals, died Sunday of complications from...

Gold: Trading now at $1,516 per ounce, up 0.8% from Monday. Dow Jones industrial average: Trading now at 12,744.30, up 0.5% from Monday. Heads I Win, Tails You Lose. After making billions betting against Lehman Brothers and the larger subprime ...

Robert Kiyosaki has written more than a dozen titles under his Rich Dad brand of financial education books, which together have sold more than 30 million copies worldwide. But the author best known for his best seller "Rich Dad, Poor Dad" is looking to do som

The Wall Street firm run by former Goldman Sachs chairman and New Jersey governor Jon Corzine filed for bankruptcy Monday morning, making it the first big American casualty of the European debt crisis.

Each morning this week has brought a new batch of revealing details about what brought down MF Global, the trading firm run by former U.S. senator and Goldman Sachs Chief Executive Jon Corzine. Since the firm declared bankruptcy Monday morning, ...

In case there wasn't enough anger about the cozy ties between Wall Street and Washington, new revelations this morning suggest that former Treasury Secretary Henry Paulson gave hedge funds an inside scoop about the government's plans for Freddie and Fannie Mac

The coordinated action by the Federal Reserve and five other major central banks will help dollar-strapped European banks, but analysts said it doesn’t address the fundamental problems threatening the breakup of the euro and the global economy.